Palatin Technologies, Inc. Common Stock logo

Palatin Technologies, Inc. Common Stock(PTN)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$5.99
10/19/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for PTN

10/19/2026: PTN (1-star) is currently NOT-A-BUY. Pass it for now.

Palatin Technologies is a biopharmaceutical company focused on developing targeted peptide therapeutics for unmet medical needs, with its primary asset being the FDA-approved drug Vyleesi. The company's main strengths lie in its proprietary melanocortin receptor technology and its history of successful clinical navigation. Its primary growth opportunity rests on advancing pipeline candidates, such as PL9643 for dry eye disease, into larger markets. Risks remain high, particularly regarding financial sustainability, intense competition from well-capitalized firms, and the binary outcomes of clinical trials. The stock is best suited for growth-oriented investors who can tolerate high volatility and should monitor clinical development milestones and potential licensing partnerships closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth investors may find interest in the potential of the clinical pipeline, though the path to sustainable, high-growth revenue remains speculative.
Momentum investorStrong fit while signal remains positiveMomentum investors may be attracted to periods of high volatility surrounding clinical trial data readouts and regulatory news.
Value investorWeak fitThe company is not currently profitable and does not have a traditional valuation basis, making it a poor fit for value-oriented strategies.
Dividend investorWeak fitThe company does not pay a dividend and focuses entirely on capital reinvestment.
Low-risk investorWeak fitThe high degree of clinical, regulatory, and financial risk makes this stock unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to significant price swings based on clinical trial results and financing news.
Valuation riskMedium / highValuation is highly speculative and based on the potential success of future clinical products rather than current earnings.
Competition risk (Pharmaceutical)HighThe company competes with much larger entities in highly crowded therapeutic areas.
Business qualityMediumWhile the technology platform is proprietary, the company has not yet demonstrated consistent profitability.
Dividend incomeLow / noneThe company does not provide income to shareholders.
Execution riskHighSuccess depends on effectively navigating long, complex, and uncertain clinical and regulatory processes.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -40.59%
Avg. Invested days 14
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/19/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
PTN receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
PTN has moderate overall fundamentals (3 stars), with soft financial health, solid growth momentum, and solid ownership. In FY2026 versus FY2025, strong earnings growth (+51.6%) is partially offset by weak cash generation (FCF margin -103.0%), slightly negative revenue growth (+0.0%), weak profitability (net margin -63.5%).

Financial Health Rating

★★★★★
PTN's financial health is soft, with the relatively strongest area being moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 165.3% of revenue). Cash strength is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is PTN's strongest growth driver at +51.6% FY2026 versus FY2025 (strong, 5 stars). By comparison, free-cash-flow growth (+36.2%, strong) is also strong, while revenue growth (+0.0%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 50.1% and approximately 83.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 8.11% supports management-shareholder alignment.

Top 5 Institutional Investors

Driehaus Capital Management LLC 9.36%
HHG PLC 7.86%
Jupiter Topco LLC 7.86%
Logos Global Management LP 7.30%
RA Capital Management, LLC 3.49%

Unit Economics (Per $1K Revenue)

★★★★★
PTN generates approximately $995 of gross profit, $-657 of operating income, and $-1,030 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Operating losses and cash burn explain the 2-star rating, with weak cash conversion and strong capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
PTN has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 10.72M USD
Price to earnings Ratio -
1Y Target Price 53.5
Price to earnings Ratio -
1Y Target Price 53.5
Volume (30-day avg) 64.5K shares
Beta -0.01
52 Weeks Range 5.55 - 31.00
Updated Date 10/18/2026
52 Weeks Range 5.55 - 31.00
Updated Date 10/18/2026
Dividends yield (FY) -
Basic EPS (TTM) -2.96

How Company Makes Money

Business areaWhat it includesRetail investor read
Product RevenueDirect sales of Vyleesi (bremelanotide) in the US market.The company earns money directly from patients using its approved sexual health treatment.
Licensing and RoyaltiesUpfront payments, milestone payments, and potential royalties from regional partners licensed to sell Vyleesi or other candidates.The company partners with other firms to sell its drugs in specific regions, generating revenue without bearing all commercial costs.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 42.92
Enterprise Value 8.40M
Price to Sales(TTM) 0.81
Enterprise Value 8.40M
Price to Sales(TTM) 0.81
Enterprise Value to Revenue 0.66
Enterprise Value to EBITDA 0.55
Shares Outstanding 1.78M
Shares Floating 1.49M
Shares Outstanding 1.78M
Shares Floating 1.49M
Percent Insiders 8.11
Percent Institutions 50.11

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.